Peoples Insurance Co Ltd

What Peoples Insurance Co Ltd does

Peoples Insurance Company Limited (Peoples Insurance PLC) is a Bangladesh-based, publicly listed general insurance company founded on March 31, 1985, and registered with the Department of Insurance on July 31, 1985. It is the second private-sector insurance company established in Bangladesh and has been listed on the Dhaka Stock Exchange since July 29, 1990 and on the Chittagong Stock Exchange since October 10, 1995. The company holds an AAA credit rating from CRISL, reflecting its highest-grade financial strength assessment. It is headquartered at Peoples Insurance Bhaban, 36 Dilkusha C/A, Dhaka-1000.

The company underwrites a full non-life insurance portfolio across six core lines: Fire Insurance, Marine Insurance (Marine Cargo and Marine Hull), Motor Insurance, Engineering Insurance (including Contractor's All Risks, Erection All Risk, Machinery Breakdown, Boiler & Pressure Vessels, Electronic Equipment), Health Insurance (including Overseas Mediclaim, Personal Accident, Travel), and Miscellaneous Insurance (Burglary, Public/Product Liability, Fidelity Guarantee, Workmen's Compensation, Cash-in-Transit, Cash-in-Safe, Cash-in-ATM). Underwriting risk is supported by a broad international reinsurance panel anchored by Sadharan Bima Corporation (Bangladesh's national reinsurer) and extending to Malaysian Re, BEST Re, General Insurance Corporation of India, Ingosstrakh (Russia), and multiple African and Middle Eastern reinsurers. The company also operates a wholly-owned subsidiary, Peoples Equities Limited, focused on equities and investments.

The go-to-market model is sales-led and relationship-driven, executed through a physical network of 35+ branches across Bangladesh covering Dhaka, Chittagong, Khulna, Rajshahi, Rangpur, Sylhet and other major cities, supported by a customer hotline (09666-886655) and a basic corporate website. Revenue is generated primarily through upfront insurance premium collections across the product lines, billed annually, with claims paid out upon occurrence of insured events. Pricing is quote-based and not publicly disclosed; final premiums are determined through risk assessment and branch-level consultation, though a basic motorcycle insurance calculator is offered online. Ownership is widely distributed, with sponsors/promoters and directors holding approximately 34.49%, institutional investors 13.13%, and the general public 52.39% of the 46,200,000 shares outstanding as of May 2026.

Name

Peoples Insurance Co Ltd

Legal name

Peoples Insurance Company Limited

Website

https://peoplesinsurancebd.com

Company type

Public

Founded year

1985

Operating status

Operating

Headcount range

1–10 employees

Short description

Peoples Insurance PLC is a Bangladesh-based, publicly listed general insurance company founded in 1985, underwriting fire, marine, motor, engineering, health and miscellaneous insurance for businesses and individuals through a 35+ branch network.

Ownership category

akta.pro rank

Product category

General Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Direct Health and Medical Insurance Carriers (524114)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399)

akta.pro primary industry

Public Liability (Premises/Operations) (FSAJADAD)

akta.pro secondary industries

General Liability Insurance (FSAJAMAE), Product Liability Umbrella / Excess (FSAJANAI)

Keywords

• General insurance
• Property insurance
• Marine cargo insurance
• Motor insurance
• Reinsurance services

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Insurance Premium Income: Peoples Insurance PLC generates revenue through collection of insurance premiums from policyholders across multiple insurance categories including fire, marine, motor, engineering, health, and miscellaneous insurance products. Premiums are collected upfront with claims paid out upon occurrence of insured events.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Peoples Insurance Company Limited is a Bangladeshi general insurer that underwrites and distributes fire, marine (cargo and hull), motor, engineering, health, and miscellaneous insurance products to businesses and individuals. Insurance policies are quoted, priced, and issued through 35+ branch offices and head office direct sales across Bangladesh, with risk transferred to a panel of domestic and international reinsurers. Premium income is collected upfront and claims are settled upon occurrence of insured events under each policy line.

Product overview

Peoples Insurance Company Limited is a general insurance provider offering a comprehensive portfolio of insurance products across multiple categories. The company operates as a single-platform insurer with distinct product lines including Fire Insurance, Marine Insurance (with Marine Cargo and Marine Hull sub-products), Motor Insurance, Engineering Insurance, Health Insurance, and Miscellaneous Insurance. The product portfolio is distributed through a network of branches across Bangladesh and supported by reinsurance arrangements with global reinsurers. The company positions itself as a full-service insurance provider delivering property, liability, casualty, and specialty coverage to individuals and business clients.

Differentiator

Problem solved

Functional benefit

Products and services

• Fire Insurance Property insurance covering fire and allied perils, industrial all risk coverage, and consequential loss or business interruption due to fire events for commercial and industrial property owners.
• Marine Insurance Insurance coverage for marine cargo and marine hull vessels during transit, protecting businesses against perils of the sea, fire, war, and other navigation-related risks.
• Marine Cargo Insurance Property insurance that covers goods in transit via sea, air, and land waterways against loss or damage from maritime perils including sinking, stranding, collision, fire and jettison.
• Motor Insurance Vehicle insurance offering comprehensive coverage and statutory act liability protection for motor vehicles for personal and commercial vehicle owners.
• Engineering Insurance Coverage for engineering projects including Contractor's All Risks, Erection All Risk, Machinery Breakdown, Deterioration of Stock, Boiler & Pressure Vessels, and Electronic Equipment for construction and industrial clients.
• Health Insurance Healthcare-related coverage including Comprehensive Travel Insurance, Overseas Mediclaim Insurance, Personal Accident Insurance, and Peoples Personal Accident Insurance for individual and group policyholders.
• Miscellaneous Insurance Diverse specialty insurance products including Burglary & Housebreaking, All Risks, General/Public Liability, Product Liability, Fidelity Guarantee, Workmen's Compensation, Cash-in-Transit, Cash-in-Safe, Cash-on-Counter, Cash-in-ATM Booth, and Safe Deposits Box insurance for commercial and individual buyers.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

16 partnerships are on record, tiered core, major and minor.

• Sadharan Bima Corporation (SBC), BangladeshcoreStrategic or Co-development PartnerNational reinsurer of Bangladesh providing treaty reinsurance support to Peoples Insurance PLC. SBC is the state-owned reinsurance company that provides compulsory cessions for all insurance policies written in Bangladesh.
• BEST Re, MalaysiamajorStrategic or Co-development PartnerMalaysian reinsurance company providing facultative and treaty reinsurance capacity for various insurance lines including marine, fire, and engineering risks.
• Malaysian Re, MalaysiamajorStrategic or Co-development PartnerMalaysian national reinsurer providing reinsurance support and capacity for insurance portfolios written by Peoples Insurance.
• General Insurance Corporation, IndiamajorStrategic or Co-development PartnerIndian state-owned reinsurer providing reinsurance capacity and expertise for various insurance lines written by the company.
• National Insurance Co. Ltd., IndiaminorStrategic or Co-development PartnerIndian public sector insurance company providing facultative reinsurance support for cross-border risks.
• New India Assurance Co. Ltd., IndiaminorStrategic or Co-development PartnerIndian government-owned insurance company providing reinsurance capacity and risk sharing arrangements.
• Royal Insurance Corporation of BhutanminorStrategic or Co-development PartnerBhutanese national insurer providing regional reinsurance support and cross-border coverage for South Asian risks.
• Ingosstrakh, Moscow, RussiaminorStrategic or Co-development PartnerRussian insurance company providing reinsurance capacity for international risks and specialized coverage.
• Prestige Assurance Co. PLC, NigeriaminorStrategic or Co-development PartnerNigerian insurer providing reinsurance support and African market expertise for continental risk coverage.
• AIICO, NigeriaminorStrategic or Co-development PartnerNigerian insurance company providing African regional reinsurance capacity and market access.
• TAN Re, TanzaniaminorStrategic or Co-development PartnerTanzanian reinsurer providing East African regional coverage and reinsurance support.
• MISR Insurance Co., EgyptminorStrategic or Co-development PartnerEgyptian insurance company providing North African reinsurance capacity and Middle East market access.
• SEN-RE (Societe Senegalaise de Reassurance)minorStrategic or Co-development PartnerSenegalese reinsurer providing West African regional coverage and African continental risk sharing.
• CICA Re, TOGOminorStrategic or Co-development PartnerTogolese reinsurance company providing West African regional reinsurance support and continental capacity.
• WAICA Re, AfricaminorStrategic or Co-development PartnerWest African Insurance Companies Association Reinsurance company providing pan-African reinsurance support and regional expertise.
• IGI Re, JordanminorStrategic or Co-development PartnerJordanian reinsurer providing Middle Eastern regional coverage and Islamic insurance market expertise.

Scale indicators9 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Pioneer Insurance Company Limited: Bangladeshi private general insurer with a similar multi-line P&C product portfolio and listed status. Competes directly with Peoples Insurance across fire, marine, motor, and miscellaneous lines for the same Dhaka-based commercial customer base.
• Reliance Insurance Limited: Listed Bangladeshi general insurer offering fire, marine, motor, and engineering coverage. Comparable multi-line P&C model and Dhaka-headquartered branch distribution targeting the same Bangladeshi commercial market.
• Green Delta Insurance Company Limited: Largest private-sector non-life insurer in Bangladesh, offering fire, marine, motor, engineering, and miscellaneous lines through a multi-channel network. Directly comparable to Peoples Insurance on product set, target market, and branch-led distribution. Notably, Peoples Insurance's current CRO Md. Murtuza Zaman previously worked at Green Delta for over three decades.
• Phoenix Insurance Company Limited: Bangladeshi private non-life insurer with overlapping fire, marine, motor, and miscellaneous product offerings. Competes with Peoples Insurance for mid-market and SME commercial clients across Bangladesh.
• Eastern Insurance Company Limited: Bangladeshi private-sector non-life insurer providing comparable fire, marine cargo, motor, and miscellaneous products. Closely comparable in size, vintage, and Bangladesh-only geographic focus.
• BRAC Insurance Limited: Bangladeshi general insurer affiliated with the BRAC development group, offering multi-line P&C coverage. Comparable product portfolio but with deeper microinsurance distribution reach, making it both a direct competitor and a partial disruptor to traditional branch-led models.
• Pragati Insurance Limited: Long-established Bangladeshi private non-life insurer offering fire, marine, motor, and miscellaneous coverage. Comparable in vintage, public listing status, and product breadth to Peoples Insurance, competing for the same corporate and SME accounts in Bangladesh.
• Central Insurance Company Limited: Listed Bangladeshi private non-life insurer with fire, marine, motor, and miscellaneous lines. Comparable vintage, listed status, and Bangladesh-only footprint to Peoples Insurance.

Broad incumbents

• National Insurance Company Limited (India): Indian state-owned general insurer and a facultative reinsurance partner of Peoples Insurance. Operates a much larger fire/marine/motor portfolio across India; relevant as a regional incumbent and reinsurer rather than a direct Bangladesh-market competitor.
• New India Assurance Company Limited: Indian public-sector general insurer and one of Peoples Insurance's named reinsurers (partnered for facultative support). Much larger in scale and portfolio breadth, but offers overlapping fire, marine, motor, and engineering products in a comparable South Asian regulatory environment.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/peoplesinsurancebd
• LinkedInlinkedin.com/company/peoples-insurance-co-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Peoples Insurance Co Ltd